Chemung Financial Completes Strategic Balance Sheet Repositioning

Chemung Financial ( (CHMG) ) has issued an update.

Chemung Financial Corporation announced the completion of a strategic balance sheet repositioning by selling securities worth approximately $242 million, resulting in a pre-tax loss of $17 million to be recognized in the second quarter of 2025. The proceeds will be used to reduce non-core funding liabilities and support loan growth, with expectations of improved financial metrics from the third quarter of 2025, despite reporting a net loss for the second quarter.

The most recent analyst rating on (CHMG) stock is a Hold with a $57.00 price target. To see the full list of analyst forecasts on Chemung Financial stock, see the CHMG Stock Forecast page.

Spark’s Take on CHMG Stock

According to Spark, TipRanks’ AI Analyst, CHMG is a Neutral.

Chemung Financial exhibits strong financial performance with consistent growth and solid balance sheet metrics, earning a high score in financial health. However, technical analysis indicates bearish momentum, which weighs down the overall score. The company’s valuation appears attractive, with a low P/E ratio and decent dividend yield, which bolsters its appeal. Furthermore, positive corporate events highlight strategic growth initiatives, enhancing future potential. Overall, while there are strengths in financial performance and valuation, technical indicators suggest caution.

To see Spark’s full report on CHMG stock, click here.

More about Chemung Financial

Chemung Canal Trust Company, a wholly-owned subsidiary of Chemung Financial Corporation, operates in the banking industry, focusing on providing financial services and products. The company aims to expand its market presence and support organic loan growth in targeted expansion markets.

Average Trading Volume: 11,732

Technical Sentiment Signal: Strong Buy

Current Market Cap: $228.5M

Find detailed analytics on CHMG stock on TipRanks’ Stock Analysis page.